The financial report released by COSCO SHIPPING Piraeus Port Co., Ltd. (COSCO SHIPPING Piraeus Port) on March 31 shows that the company's revenue and profit in 2024 have both reached historic highs. According to the financial report, the company's total revenue for 2024 was approximately 231 million euros, an increase of 5% compared to the previous year; Pre tax profit of approximately 113 million euros, a year-on-year increase of 17.4%; After tax profit of approximately 87.4 million euros, a year-on-year increase of 30.8%. According to the financial report, the company's core business sectors performed strongly in 2024: in terms of cruise business, the number of vessel calls and passenger volume both reached historical highs, with revenue growth of 15.5%; The revenue of automobile terminal business increased by 28.2% year-on-year; Despite being affected by the Red Sea crisis, the container terminal business has shown strong resilience, with revenue from coastal shipping increasing by 6.5%. Su Xudong, President of COSCO Shipping Piraeus Port Co., Ltd., stated that the company will continue to be committed to the long-term development of the port and promote economic growth in Greece. In 2016, China Ocean Shipping Group became the controlling shareholder of the former Piraeus Port Authority by acquiring a majority stake, and increased its shareholding to 67% in 2021. At present, Piraeus Port has become an important transit hub in the Mediterranean. (New Society)